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Country vs country: El Salvador and India compared: Economy > Tax

Definitions

  • Customs and other import duties > % of tax revenue: Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services.
  • Customs and other import duties > Current LCU: Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services.
  • Grants and other revenue > % of revenue: Grants and other revenue include grants from other foreign governments, international organisations, and other government units; interest; dividends; rent; requited, nonrepayable receipts for public purposes (such as fines, administrative fees, and entrepreneurial income from government owner\xADship of property); and voluntary, unrequited, nonrepayable receipts other than grants."
  • Grants and other revenue > Current LCU: Grants and other revenue include grants from other foreign governments, international organisations, and other government units; interest; dividends; rent; requited, nonrepayable receipts for public purposes (such as fines, administrative fees, and entrepreneurial income from government owner\xADship of property); and voluntary, unrequited, nonrepayable receipts other than grants."
  • Net taxes on products > Current US$: Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current U.S. dollars.
  • Net taxes on products > Current US$ > Per capita: Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current U.S. dollars. Per capita figures expressed per 1,000 population.
  • Other taxes > Current LCU: Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes."
  • Revenue > Excluding grants > Current LCU: Revenue is cash receipts from taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales. Grants are also considered as revenue but are excluded here."
  • Social security contributions: Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments."
  • Social security contributions > Current LCU: Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments."
  • Tax payments > Number > Per capita: Tax payments by businesses are the total number of taxes paid by businesses, including electronic filing. The tax is counted as paid once a year even if payments are more frequent." Per capita figures expressed per 1 million population.
  • Tax rates > % of managers surveyed ranking this as a major business constraint: Tax rates as a major constraint measure the share of senior managers who ranked tax rates as a major or very severe constraint.
  • Taxes on goods and services > % value added of industry and services: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.
  • Taxes on income > Profits and capital gains > % of revenue: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
  • Total tax rate > % of profit: Total tax rate is the total amount of taxes payable by businesses (except for labor taxes) after accounting for deductions and exemptions as a percentage of profit.
STAT El Salvador India HISTORY
Customs and other import duties > % of tax revenue 5.83%
Ranked 40th.
17.22%
Ranked 15th. 3 times more than El Salvador

Customs and other import duties > Current LCU 178.8 million
Ranked 55th.
1.18 trillion
Ranked 2nd. 6622 times more than El Salvador

Grants and other revenue > % of revenue 20.88%
Ranked 22nd. 50% more than India
13.9%
Ranked 38th.

Grants and other revenue > Current LCU 925.5 million
Ranked 77th.
1.11 trillion
Ranked 7th. 1201 times more than El Salvador

Net taxes on products > Current US$ 1.27 billion$
Ranked 68th.
71.43 billion$
Ranked 10th. 56 times more than El Salvador

Net taxes on products > Current US$ > Per capita 185,294.15$ per 1,000 people
Ranked 68th. 3 times more than India
65,257.61$ per 1,000 people
Ranked 88th.

Other taxes > Current LCU 37.7 million
Ranked 71st.
4.13 billion
Ranked 42nd. 110 times more than El Salvador

Revenue > Excluding grants > Current LCU 4.4 billion
Ranked 83th.
7.98 trillion
Ranked 7th. 1815 times more than El Salvador

Social security contributions 9.9%
Ranked 50th. 99 times more than India
0.1%
Ranked 67th.

Social security contributions > Current LCU 439 million
Ranked 63th.
8.32 billion
Ranked 44th. 19 times more than El Salvador

Tax payments > Number > Per capita 7.5 per 1 million people
Ranked 59th. 147 times more than India
0.051 per 1 million people
Ranked 168th.

Tax rates > % of managers surveyed ranking this as a major business constraint 22.58%
Ranked 14th.
27.46%
Ranked 3rd. 22% more than El Salvador

Taxes on goods and services > % value added of industry and services 8.55%
Ranked 49th. 60% more than India
5.34%
Ranked 74th.

Taxes on income > Profits and capital gains > % of revenue 24.04%
Ranked 25th.
35.36%
Ranked 13th. 47% more than El Salvador

Total tax rate > % of profit 35%
Ranked 117th.
64.7%
Ranked 24th. 85% more than El Salvador

SOURCES: International Monetary Fund, Government Finance Statistics Yearbook and data files.; World Development Indicators database; World Bank, Doing Business project (http://www.doingbusiness.org/).

Citation

"Economy > Tax: El Salvador and India compared", NationMaster. Retrieved from http://www.nationmaster.com/country-info/compare/El-Salvador/India/Economy/Tax

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